| The KUIK Morning Market Report for Monday, November 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 17 | points | 15,632 | 6:58 AM | ||
| S&P500 | Up | 0.19% | percent | 1,765 | 3.34 | ||
| Nasdaq Composite | Down | -0.05% | percent | 3,920 | (2.12) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.68 | Annual Yield | ||
| St. Louis Fed President James Bullard said that the central bank does not have to be in a “hurry” to reduce the pace of the central bank’s $85 billion-a-month asset purchase plan because of low inflation readings. In an interview on CNBC, Bullard said he wanted to see evidence that inflation was moving up to 2% before tapering. He said he was also willing to be patient because the Fed has more room on its balance sheet. | |||||||
| BlackBerry is in the tech-sector spotlight, as the troubled smartphone maker called off plans to sell itself and said it would replace Chief Executive Thorsten Heins with John Chen. BlackBerry shares fell more than 16% to $6.52 a share. Among other leading tech stocks, gains came from Apple, Oracle, Groupon, and Yahoo. Twitter also got some attention as the company raised the price range for its IPO to between $23 and $25 a share from $17 to $20 a share. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-bullard-willing-to-be-patient-on-taper-2013-11-04 | |||||||
| http://www.marketwatch.com/story/blackberry-slumps-as-deal-fails-tech-stocks-rise-2013-11-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||